PROJECT

Projects

Summary of Investment Information

Project Number

40781

Company Name

CRAFTSMAN AUTOMATION LIMITED

Date SPI Disclosed

Apr 13, 2018

Country

India

Region

South Asia

Projected Board Date

May 15, 2018

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 3, 2018

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : May 25, 2018
Signed : May 29, 2018
Invested : Sep 24, 2018

Sector

Automotive and Light Vehicle

Project Description

 Craftsman Automation Private Limited (“Craftsman” or “the Company”) is a diversified engineering company, with vertically integrated manufacturing capabilities, primarily catering to the (i) automotive and (ii) industrial and engineering segments. Craftsman offers comprehensive end to end solutions including design and process and design engineering services and manufacturing services including non-ferrous, foundry, heat treatment, fabrication, machining and assembly.

The proposed Project is for capacity augmentation and modernization of the existing facilities through purchase of new machinery and for the expansion of the Company’s facilities.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation